Lebanon will “very soon” start measures to issue bonds in foreign currency of about $2 billion, Finance Minister Ali Hassan Khalil said on Wednesday.
Khalil said in April the government was preparing to issue Eurobonds in the range of $2.5 billion to $3 billion to finance state needs. Last week, he said Lebanon was still studying the option of a new debt issuance to pay its debt obligations for the year.
Asked about availability of dollars in Lebanon, he said: “There is not much liquidity in foreign currency in people's hands in the market, but the dollar exchange rate is still maintained in the banks.”
Lebanon’s PM: Economy needs urgent ‘surgery’ to avoid collapseLebanon’s economy needs urgent “surgery” or it could collapse, Prime Minister Saad al-Hariri said on Sunday, though he also tried to ... Economy
Lebanon’s prime minister announces the closure of Future TVLebanese Prime Minister Saad Hariri announced on Wednesday the suspension of Future TV, his ailing mouthpiece whose employees had recently been on ... Middle East
Lebanese economic growth zero if not negative: Finance MinisterLebanon’s economic growth is zero if not negative, leading to pressure on the central bank’s foreign currency reserves, Finance Minister ... Economy